Commitments and Contingencies

9 Months Ended

Sep. 30, 2025

Commitments and Contingencies Disclosure [Abstract]

The Company may be involved in legal actions in the ordinary course of business, including governmental and administrative investigations, inquiries and proceedings concerning employment, labor, environmental and other claims. The Company will recognize a loss contingency in the consolidated financial statements when it is probable a liability has been incurred and the amount of the loss can be reasonably estimated. The Company will disclose any loss contingencies that do not meet both conditions if there is a reasonable possibility that a loss may have been incurred. Gain contingencies are not recorded until realized.

The Company’s LNG future purchase obligations are primarily based on monthly Henry Hub natural gas futures, Dutch Title Transfer Facility (TTF) futures, or Brent Crude pricing, times a fixed percentage or with a contractual spread where applicable. Some

obligations depend on supplier LNG facilities becoming operational. The following table summarizes the Company’s future LNG purchase and capacity obligations as of September 30, 2025 (in thousands):


Year	Amount (1)
Remainder of 2025	$	85,900
2026		676,090
2027		763,562
2028		981,351
2029		948,629
Thereafter		9,275,490
Total commitments	$	12,731,022

(1)

Total costs incurred under take-or-pay or throughput obligations for the three and nine months ended September 30, 2025 were $111.5 million and $138.3 million, respectively. No costs were incurred for the three and nine months ended September 30, 2024.